239 East 115 Th Street Housing Development Fund Corporation
239 East 115 Th Street Housing Development Fund Corporation maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 133660633 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.4M |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is 239 East 115 Th Street Housing Development Fund Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
239 East 115 Th Street Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 239 East 115 Th Street Housing Development Fund Corporation
239 East 115 Th Street Housing Development Fund Corporation (EIN: 133660633) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $3.1M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 239 East 115 Th Street Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
239 East 115 Th Street Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$110K |
| Total Assets | $10.8M |
| Total Liabilities | $9.1M |
| Net Assets | $1.8M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 38.3 months |
Financial Health Grade: A
In 2023, 239 East 115 Th Street Housing Development Fund Corporation reported a surplus of $110K with revenue exceeding expenses, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 239 East 115 Th Street Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | +10.8% | -2.2% |
| 2022 | -3.9% | +7.0% | -7.5% |
| 2021 | +1.6% | -2.2% | +0.6% |
| 2020 | +10.7% | +5.4% | +1.3% |
| 2019 | -12.0% | -13.4% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 239 East 115 Th Street Housing Development Fund Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 239 East 115 Th Street Housing Development Fund Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' in these specific disclosures. This suggests a strong commitment to directing financial resources towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for 239 East 115 Th Street Housing Development Fund Corporation:
- Consistent financial stability with revenues generally exceeding expenses (e.g., 2023: $3,495,748 revenue vs. $3,385,972 expenses).
- Healthy asset-to-liability ratio, indicating strong financial solvency (e.g., 2023: $10,816,348 assets vs. $9,054,259 liabilities).
- No reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and regulatory compliance.
- Clear alignment between organization name and NTEE code (Housing Development, Construction & Management), indicating focused mission.
Frequently Asked Questions about 239 East 115 Th Street Housing Development Fund Corporation
Is 239 East 115 Th Street Housing Development Fund Corporation a legitimate charity?
239 East 115 Th Street Housing Development Fund Corporation (EIN: 133660633) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does 239 East 115 Th Street Housing Development Fund Corporation spend its money?
239 East 115 Th Street Housing Development Fund Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to 239 East 115 Th Street Housing Development Fund Corporation tax-deductible?
239 East 115 Th Street Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133660633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 239 East 115 Th Street Housing Development Fund Corporation's spending goes to programs?
239 East 115 Th Street Housing Development Fund Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 239 East 115 Th Street Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 239 East 115 Th Street Housing Development Fund Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 239 East 115 Th Street Housing Development Fund Corporation located?
239 East 115 Th Street Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133660633. It is classified under NTEE code L200.
How many years of IRS 990 filings does 239 East 115 Th Street Housing Development Fund Corporation have?
239 East 115 Th Street Housing Development Fund Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
Is 239 East 115 Th Street Housing Development Fund Corporation a good charity?
Based on the available IRS 990 data, the organization appears to be financially stable with consistent revenue and expenses, and a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation is a strong positive indicator for resource allocation to programs. Its long filing history also suggests good governance and transparency.
How does the organization fund its operations?
The filings show consistent annual revenues ranging from approximately $2.3 million to $3.4 million. While the specific sources (e.g., grants, program service revenue, contributions) are not detailed in the provided summary, the stability of these revenues suggests reliable funding streams.
What is the trend in the organization's assets and liabilities?
Assets have generally remained stable, fluctuating around $10.5 million to $12.1 million over the past decade. Liabilities have also been consistent, typically around $9.0 million to $9.5 million. The organization consistently maintains a positive net asset position, indicating financial solvency.
Filing History
IRS 990 filing history for 239 East 115 Th Street Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 239 East 115 Th Street Housing Development Fund Corporation's revenue has grown by 48%, moving from $2.4M to $3.5M. Total assets increased by 4.2% over the same period, from $10.4M to $10.8M. Total functional expenses rose by 52.1%, from $2.2M to $3.4M. In its most recent filing year (2023), 239 East 115 Th Street Housing Development Fund Corporation reported a surplus of $110K, with revenue exceeding expenses. The organization holds $9.1M in liabilities against $10.8M in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.4M | $10.8M | $9.1M | — | — |
| 2022 | $2.9M | $3.1M | $11.1M | $9.4M | — | View 990 |
| 2021 | $3.0M | $2.9M | $12.0M | $9.5M | — | View 990 |
| 2020 | $2.9M | $2.9M | $11.9M | $9.5M | — | View 990 |
| 2019 | $2.7M | $2.8M | $11.7M | $9.4M | — | View 990 |
| 2018 | $3.0M | $3.2M | $11.6M | $9.2M | — | View 990 |
| 2017 | $3.0M | $2.5M | $11.8M | $9.2M | — | View 990 |
| 2016 | $2.9M | $2.2M | $11.6M | $9.2M | — | View 990 |
| 2015 | $2.6M | $2.3M | $10.9M | $9.1M | — | View 990 |
| 2014 | $2.4M | $2.5M | $10.5M | $9.0M | — | View 990 |
| 2013 | $2.4M | $2.3M | $10.6M | $9.0M | — | View 990 |
| 2012 | $2.4M | $2.3M | $10.5M | $9.0M | — | View 990 |
| 2011 | $2.4M | $2.2M | $10.4M | $9.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.4M, and assets of $10.8M (revenue +21.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.1M, and assets of $11.1M (revenue -3.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.9M, and assets of $12.0M (revenue +1.6% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.9M, and assets of $11.9M (revenue +10.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.8M, and assets of $11.7M (revenue -12.0% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.2M, and assets of $11.6M (revenue -0.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.5M, and assets of $11.8M (revenue +3.6% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.2M, and assets of $11.6M (revenue +13.5% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.3M, and assets of $10.9M (revenue +8.8% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.5M, and assets of $10.5M (revenue +1.2% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $10.6M (revenue -2.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.3M, and assets of $10.5M (revenue +1.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.2M, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 239 East 115 Th Street Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for 239 East 115 Th Street Housing Development Fund Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.